Turnkey income property in one of Ottawa's most sought-after neighbourhoods. This fully tenanted six unit building comprises two semi-detached buildings offering nine bedrooms across six units - three spacious two-bedroom units at No. 22 and three one-bedroom units (one with den) at No. 24 - generating strong income with excellent upside at renewal. Over $250,000 in capital improvements since 2010 including a modern gas boiler, all-new electrical panels, vinyl siding and windows, a comprehensive drainage system, new retaining wall, and professionally renovated kitchens and bathrooms with hardwood and ceramic flooring throughout. Unit 3-22 features a rooftop terrace with composite decking, and Building 24 has a newly constructed rear staircase with exclusive use decks - both exceptional lifestyle additions rarely found in multi-residential. The 6,225 sq ft lot (50 ft 124.5 ft) sits in the new N4B zone under Ottawa's 2026 Zoning By-law, presenting significant redevelopment or intensification potential while current income covers carrying costs. Eight dedicated parking spaces included. Steps to the Hintonburg shops along Wellington Street, the O-Train Bayview and Tunney's Pasture stations, the Ottawa River pathway, and a quick commute to the Civic Hospital and downtown. Low operating expenses and a proven rental market driven by young professionals, federal employees, and health care employees make this a compelling hold or build opportunity. Email today for the complete details.
Address
22-24 St Francis Street
List Price
$1,800,000
MLS® Status
New
Expiration Date
2026-06-30
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4203 - Hintonburg
Region
Ottawa
Lot Depth
124.5
Lot Shape
Rectangular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
50
Parcel Number
040930160
Total Building Area
5391
Occupant Type
Tenant
Cross Street
GLADSTONE & ST FRANCIS
Approx. Age
100+ Years
MLS® Number
X12896488
Listing Brokerage
ENGEL & VOLKERS OTTAWA
Basement
Yes
Postal Code
K1Y 1W5
Parking Spaces
8
Tax Amount
$14,893.90
Tax Year
2025
Site Influences
Major Highway, Public Transit
Community Features
Major Highway, Public Transit
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Hot Water
Cooling Features
No
Garage Type
None
Tax Legal Description
LT 5, PL 195 ; OTTAWA/NEPEAN
Security Features
No
Sewer
Sanitary+Storm
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